Condition:- 1. Daily Channel Formation 2. Support and Resistance 3. Demand and Supply 4. M Formation 5. COT data - 1.EUR ⬆️ 2. JPY ↕️ ENTRY:- 1. Enter on 4hr timeframe 2. follow the analysis ALL THE BEST!
EURJPY Short Risk/Reward: 1:3 Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
EURJPY Long Risk/Reward: 1:4 Give a Like and Feel free to share your opinions in the comment! Thanks 😊
Reasons for trade- 1: Risk Reward 1:3 and 1:5 2. Price broke major consolidation level of 130.60 after 8 days and now returning towards that level 3.Price has created lower high and lower low on 4 hour chart which is confirming downtrend for upcoming days 4.Price closed below major daily support of 131.700 5. Prerequisite for trade is bearish candlestick pattern...
EUR JPY BUY REASONS ARE HERE 1. RESPECTED TREND LINE TREND 2. STRONG DEMAND AREA IN FUTURE 3. HIGH TIME FRAME CONFORMATION WITH STRONG DEMAND AREA
Go long at current levels keeping the mini stop loss below the level of wave-c that is 125.900. The target zone for the structure is 127.200
Heya! all here is my bias for EJ, as I shared before (already link the my idea down there) now I'm looking for longs.
EJ is in a downward channel currently, I've mark possible opportunities for the shorts as well as for longs. Please support me by liking the idea and also if you think the same. Happy Trading Folks
Looking a good opportunity on buy side.Ensure that you use proper risk management with given Stop Loss .Please feel free to Message me for your account growth and profitable trades. Account management is offered .Thank you.
Trading suggestion: There is a possibility of the uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: EURJPY is in a range bound and the beginning of uptrend is expected. The price is above the 50 & 200 EMA. The RSI near 50. Take Profits: TP1= @ 123.595 SL= 122.838 Risk reward ratio = 1 : 1.23...
Waiting for slight pullback and then going to buy EJ :)